Atlantic's Successful Antics
The Post displays some out-in-front reporting this morning with a story on the gentrification of Atlantic Avenue. Evidently, Atlantic has transformed from a strip defined mostly by parking lots a few decades ago to its current incarnation, notable for substantial residential and retail development. Most interesting are details about how home values have risen. “Back…
The Post displays some out-in-front reporting this morning with a story on the gentrification of Atlantic Avenue. Evidently, Atlantic has transformed from a strip defined mostly by parking lots a few decades ago to its current incarnation, notable for substantial residential and retail development. Most interesting are details about how home values have risen. “Back in 2000, a brownstone [in Boerum Hill] went for about $1.5 million,” says Nancy McKiernan of Nancy McKiernan Realty. The story says a brownstone off Atlantic today goes for roughly $2.5 million, and condos fetch in the $600- to $700-per-square-foot range. The article also has a roll call of all the avenue’s recent and planned development, including the Smith and Renaissance Realty’s in-progress luxury rental at 252 Atlantic. And, of course, Atlantic has seen a great deal of retail advances in the past few years, including its many newish boutique shops, the just-opened Urban Outfitters and the planned Trader Joe’s. The big elephant in the room, natch, is how plans to reopen the House of Detention are going to affect Atlantic’s progress. The article’s most hilarious quote is from a recent transplant who says, “The prison presence is barely noticeable at all!” That could change slightly if the city’s plans to reopen the facility with 1,469 inmates by 2012 moves forward.
Atlantic Current [NY Post]
Photo by urban_lisa.
Thanks BrooklynLove, that was interesting. I googled the guy and came up with, in the words of Paul Harvey, the rest of the story
http://query.nytimes.com/gst/fullpage.html?res=950DE1D8113EF934A25756C0A96F948260
re hod, anyone remember when this happened?
http://www.time.com/time/magazine/article/0,9171,924200,00.html
As someone who has lived across the strert (Boerum) from the HOD for 25 years, I can attest thatthe biggst problem is court officers who use the street as a semi-permanent parking lot. They park for weeks at a time and do not touch the cars! And all the cars seem to have those old loud obnoxious alarms that go off at the slightest vibration.
Visitors are a non-issue.
10:15, you need to get over your juvenile FASCINATION with “The What.” He’s gotten so far under your skin that it’s clear you are quite shaken by his largely harmless rants. It’s his right to say what he feels as long as he backs up off the profanity. Get over it.
On the BH of D, I don’t imagine hat too many people will notice or need to worry about “interacting” with inmates. Brooklyn Central booking continues to operate right next door, and I’ll bet there are about 500 or so guys and gals being held (and led into and out of) jail cells in there right now. Like one poster said, I think parking will be a bigger issue.
The What has gone schizo.
I apologize to everyone but I am posting this everywhere on Brownstoner because the disconnect between the guy and his posting style is just hysterical and highlights just what a terribly conflicted medium blogs can be and anyone that puts too much stock in what they read on these sites needs about as much professional help as the “What†does. I am now just so excited to see if he will call me an “a$#%-hat†so I can literally picture it coming out of his mouth!
Can I ask you one question? Why do I need help? America is facing a dire economic situation and I need help? Indifference and Ignorance are very dangerous things. Thats how the top stay in power, the people don’t question their moves. I very happy about the protest at Bear Sterns and JP Morgan, at least people are getting mad and are willing to do something about it.
The What
Someday this war is gonna end…
I apologize to everyone but I am posting this everywhere on Brownstoner because the disconnect between the guy and his posting style is just hysterical and highlights just what a terribly conflicted medium blogs can be and anyone that puts too much stock in what they read on these sites needs about as much professional help as the “What†does. I am now just so excited to see if he will call me an “a$#%-hat†so I can literally picture it coming out of his mouth!
Can I ask you one question? Why do I need help? America is facing a dire economic situation and I need help? Indifference and Ignorance are very dangerous things. Thats how the top stay in power, the people don’t question their moves. I very happy about the protest at Bear Sterns and JP Morgan, at least people are getting mad and are willing to do something about it.
The What
Someday this war is gonna end…
10:25 — This is 10:18 here. I thought we were talking about Boerum Hill. The “gap” mentioned by another poster always divided the two sections of Atlantic Avenue (at least in theory if not practice).
Althouhg I always liked the bondsmen on Atlantic Avenue and am kind of sad to see them moving off this strip.
There is a big movement on the bail out issue! I think people are fixing up their pitchforks and warming up the tar! There is a quiet revolution going on and people are not going to take it anymore.
The BIG story is New Century Financial and KPMG LLP. KPMG signed off on New Century books and defrauded Investors. This is the same thing that happen at ENRON with Arthur Anderson. Arthur Anderson was out of business 6 months later!
New Century Bankruptcy Examiner Says KPMG Aided Fraud (Update4)
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXebBOZ3eBjQ&refer=news
And….
Equity Loans as Next Round in Credit Crisis
http://www.nytimes.com/2008/03/27/business/27loan.html?hp
This is huge! Remember Home Equity loans are callable. The bank can force you to pay it back at anytime, it’s like a margin call.
“Americans owe a staggering $1.1 trillion on home equity loans — and banks are increasingly worried they may not get some of that money back.
To get it, many lenders are taking the extraordinary step of preventing some people from selling their homes or refinancing their mortgages unless they pay off all or part of their home equity loans first. In the past, when home prices were not falling, lenders did not resort to these measures.”
Last but not lease, I was not at Bear Sterns yesterday. I wish I was there. That shows you how bad thing are. Wake up!
The What
Someday this war is gonna end…